New Delhi : Recode Studios Limited, a homegrown beauty & cosmetic brand that gained popularity after appearing on Shark Tank India Season 2, has definitely expanded to a whole new level by submitting their Draft Red Herring Prospectus (DRHP) with BSE SME Exchange to mark a new beginning in its well-organized growth.
The Initial Public Offering (IPO) that has been proposed will facilitate the enhancement of working capital and the establishment of the new warehouse facility. The effort will enable the brand to improve efficiency and the supply chain to support the growth of Recode Studios.
As digital engagement is a crucial aspect related to the beauty & personal care category, the brand is also looking to further improve visibility and awareness through continued focus on advertising, promotional, and other related marketing efforts. The growth trajectory that the brand has experienced from national visibility to the filing of the IPO is a testament to resilience, focus, and a well-thought-out growth plan.
Speaking on this occasion, Narinder Singh, Chief Financial Officer, Recode Studios Limited, said, “The submission of our DRHP with SEBI is a significant milestone in our journey. This proposed IPO would help us enhance our working capital base and establish a new warehouse facility, which would streamline our operations, improve scalability, and enhance service delivery. This move strengthens our commitment to financial prudence, transparency, and laying a solid foundation to ensure sustainable growth.”
The brand has reported that the announcement of the DRHP filing highlights the dedication to good governance, transparency, and delivering value to all stakeholders as the brand prepares to enter its next phase of growth.
Recode Studios has also expressed gratitude to its advisors, partners, and team members, as well as to its customers who continue to encourage and support the brand as it evolves.
As Recode Studios embarks on this bold step in the future, it remains committed to improving its operational structure and creating impact in the rapidly growing beauty and personal care products segment of the Indian market.
-Based on Press Release
